Business

Palantir stock is sliding. One of its investments just went bankrupt.



Palantir

Stocks are under selling pressure amid concerns about the impact of a Chapter 11 filed for bankruptcy last week via

Quick radius

cloud-based manufacturing and supply chain software provider.

Fast Radius (stock code: FSRD) went public in February through a merger with SPAC or a special purpose acquisition company, called ECP Environmental Growth Opportunities Corp. In a funding related to the deal, Fast Radius raised additional cash through public investment PIPE in a private equity offering. As part of that dealPalantir invested $20 million, buying 2 million shares of Fast Radius at $10 each.

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button